Amcorp in JV to develop London properties, GDV RM5.5b
KUALA LUMPUR: Amcorp Properties Bhd is teaming up with Temasek and two other companies to acquire two London properties for £308mil and will undertake a mixed-use redevelopment on the property.
Amcorp said on Monday it had inked a joint venture with Temasek, Hotel Properties Ltd (HPL) and UK developer, Native Land (NL) to jointly develop Sampson House and Ludgate House in the heart of London’s South Bank, along River Thames.
The JV Co will undertake to redevelop the property into a world class residential led mix development complete with state-of-the-art offices, retail and leisure facilities.
“With an estimated gross development value in excess of £1bil, approximately RM5.5bil, the project when completed will transform the high traffic location on the South Bank into a landmark riverside destination along the River Thames,” said Amcorp.
Source: theStar
Back to news
Would you like to share the page with your friends?